Summit Community Bank, Inc
Our records indicate that this bank has been acquired by Burke & Herbert Bank & Trust Company.
For information concerning SFGI Direct, a division of Summit Community Bank online bank, please click here.
Summit Community Bank, Inc is an FDIC insured institution headquartered at
310 N Main St, Moorefield, WV 26836.
It was founded in
1995 and has approximately $5 billion in
assets. Customers can open an account at one of its 0 branches.
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Overview 2024
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 34102 |
Date Established | 1995 |
Assets | $ 4.63 billion |
Loans | $ 3.65 billion |
Deposits | $ 3.78 billion |
Capital | $ 545.81 million |
Summary Balance Sheet as of March 31, 2024
ASSETS | |
Cash & Balances due from depository institutions | $ 55.31 million |
Interest-bearing balances | $ 31.95 million |
Total securities | $ 588.87 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 3.65 billion |
Loan loss allowance | $ 49.23 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | $ 3.43 million |
Goodwill and other intangibles | $ 75.73 million |
All other assets | $ 153.66 million |
Total Assets | $ 4.09 billion |
LIABILITIES | |
Total deposits | $ 3.78 billion |
Interest-bearing deposits | $ 3.14 billion |
Deposits held in domestic offices | $ 3.78 billion |
% insured (estimated) | 65.92% |
Federal funds purchased and repurchase agreements | $ 0.16 million |
Trading liabilities | N.A. |
Other borrowed funds | $ 298.11 million |
Subordinated debt | N.A. |
All other liabilities | $ 28.67 millionn |
Total Liabilities | $ 4.09 billion |
Shareholders’ Equity | $ 539.01 million |
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES | |
Total Interest Income | $ 65.45 million |
Total Interest Expense | $ 24.10 million |
Net interest income | $ 41.35 million |
Provision for loan and lease losses | N.A. |
Total non interest income | $ 5.12 million |
Total non interest expense | $ 22.74 million |
Pre-tax Net Operating Income | $ 33.74 million |
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